In the first reduction in more than seven months, state-owned oil companies on Sunday cut jet fuel price by over 2.9 per cent after international oil rates cooled off from two-year high.Oil companies reduced ATF (air turbine fuel) price by Rs 1,766 per kilolitre or 2.9 per cent, to Rs 58,794 per kilolitre in Delhi, an official of Indian Oil Corporation said here, adding prices are effective from midnight on Sunday.
